Sydney Morning Herald
Chief executive of the Carbon Market Institute John Connor traces the movement back to the introduction of the notion of “net zero” during the lead-up to the Paris climate talks. By being specific about the goal, governments and industries could no-longer hide behind “weasel words like ‘low carbon futures’.”
The recent declaration by Europe that it would introduce a tariff on emissions-heavy imports from countries that (like Australia) have no carbon price, only served to intensify that focus, he says.
Whatever the cause, Connor now believes that a policy response is inevitable from the federal government, the question that remains is whether the speed and scale meets community, business and global expectations.